Marco Verch / Flickr
Voyager

Bitfinex, one of the world’s most popular cryptocurrency exchanges, announced Friday that it would be adding margin trading for Tether (USDT/USD), to allow investors to hedge their stablecoin position.


“At Bitfinex we work tirelessly to ensure our platform reflects the needs of professional traders, offering market differentiating order types for unique trading strategies,” Bitfinex said in the announcement. “Today, adding margin trading on USDT/USD pair will not only allow for more efficient price discovery, but in an important move for risk management, unlock the ability to hedge the exposure taken on stablecoins.”

Shortly after revealing the addition of USDT margin trading, Bitfinex announced that it would also be adding Bitcoin Cash (BCH), known as BAB on Bitfinex, and Bitcoin SV (BSV) margin support.

News of the additional margin trading options comes several weeks after Bitfinex and its Ethereum-based decentralized exchange, Ethfinex Trustless, began offering the six leading stablecoins to allow investors to diversify away from USDT.

More: Bitfinex Introduces Margin Trading for USDT/USD
Similar: Bitfinex and Ethfinex Now Offer All Major Stablecoins
Photo: Marco Verch / Flickr

Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.

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